Inspiration
The 1st workshop on automation in finance helped me to see that there is infinite possibilities to implement technology in more commerce/financial fields.
What it does
Helps to continuously adjust premium plans according to data on individual such as spending habits or social media activity to see if they are engaging is risky activities, historical data on the location such as previous natural disasters and real time data gathered by NLP, Decision trees and anomaly detection
How I built it
Idea made on power point, no physical product constructed
Challenges I ran into
Had more limited information on the subject therefore had to do intensive research to gain a better understanding
What we learned
Learned of a wide variety of information involving AI as well as machine learning, which made me more curious to further explore these topics after the competition
What's next for AI Dynamic Insurance Premiums
I hope to make a prototype and bring this idea to life as i believe it could change insurance premiums as well as further influence other memberships in future
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